Gst Network

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Gst Network - Total results - 43
GST Network provides free accounting, billing software to MSMEs; to benefit about 80 lakh small businesses
Business

GST Network provides free accounting, billing software to MSMEs; to benefit about 80 lakh small businesses

GST Network (GSTN) on Tuesday said it has started offering free accounting and billing software to MSMEs with an annual turnover of up to Rs 1.5 crore, which would benefit about 80 lakh small businesses

GST Council sets up two sub-groups to examine legal, technical aspects of e-invoice for B2B sales
Business

GST Council sets up two sub-groups to examine legal, technical aspects of e-invoice for B2B sales

While one sub-group will examine the business process, policy and legal aspects for generation of e-invoice, the other will recommend technical aspects for its roll-out

GST Network releases prototype of new simplified return filing form; to be launched later this year
Business

GST Network releases prototype of new simplified return filing form; to be launched later this year

Stakeholders can share their comments on 'feedback.newreturn@gstn.org.in', said GSTN, the company which handles the technology backbone of Goods and Services Tax (GST) regime.

GST measures to avoid tax evasion: Govt plans to launch e-invoices, look at ways to incentivise businesses
Business

GST measures to avoid tax evasion: Govt plans to launch e-invoices, look at ways to incentivise businesses

With almost two years into GST implementation, the government is now focussing on anti-evasion measures to shore up revenue and increase compliance.

Businesses with turnover over Rs 2 cr can now start filing GST audit reports for FY18
Business

Businesses with turnover over Rs 2 cr can now start filing GST audit reports for FY18

Businesses with an annual turnover of over Rs 2 crore can now start filing GST audit reports for fiscal 2017-18 as GST Network (GSTN) has made its format available on its portal

GST Network develops system to fetch e-way bill data into monthly sales returns to curb tax evasion
Business

GST Network develops system to fetch e-way bill data into monthly sales returns to curb tax evasion

Matching of invoices of e-way bills with the sales shown in GSTR-1 will help taxmen in assessing whether the supplies have been accurately shown in sales return

Cabinet clears proposal to convert GST Network into government-owned company
Business

Cabinet clears proposal to convert GST Network into government-owned company

Arun Jaitley said that 50 percent stake will be owned by the Centre and the remaining by the states on pro-rata basis in the new structure.

Union Cabinet likely to consider proposal to convert GST Network into government-owned company today
Business

Union Cabinet likely to consider proposal to convert GST Network into government-owned company today

Currently, the Centre and states together hold 49 percent stake in GST Network, the company that provides IT backbone to the new indirect tax regime

Govt to ask MSMEs under GSTN to obtain Udyog Aadhaar to avail benefits of various schemes
Business

Govt to ask MSMEs under GSTN to obtain Udyog Aadhaar to avail benefits of various schemes

The finance ministry is likely to send an email to the micro, small and medium enterprises soon, detailing the services that can be obtained using Udyog Aadhaar.

GST rate cut on 50 items: TV, refrigerator, washing machines to get cheaper; return filing simplified
Business

GST rate cut on 50 items: TV, refrigerator, washing machines to get cheaper; return filing simplified

The changes would come into effect across the country from 27 July onward, Finance Minister Piyush Goyal told media after the 28th meeting of the GST Council.

GST Council to discuss annual return forms on 21 July; experts expect reconciliation with IT returns
Business

GST Council to discuss annual return forms on 21 July; experts expect reconciliation with IT returns

The revenue officers have prepared a draft of the annual returns form, which will be deliberated by the GST Council chaired by Union finance minister

GST evasion: Traders deploy horse-carts to transport produce across states to skirt e-way bill system
Business

GST evasion: Traders deploy horse-carts to transport produce across states to skirt e-way bill system

According to GST rules, e-way bills are applicable only for motorised vehicles and hence traders are moving produce via horse-carts.

GST mop-up: Govt now suspects under-reporting of Rs 34,000 crore for July-December 2017
Business

GST mop-up: Govt now suspects under-reporting of Rs 34,000 crore for July-December 2017

A preliminary analysis of GST returns filed between July and December 2017 shows that the scale of under-reporting could be as high as Rs 34,000 crore.

Prime Minister's Office sets meet with top finance, commerce officials to discuss GST refunds
Business

Prime Minister's Office sets meet with top finance, commerce officials to discuss GST refunds

The Prime Minister's Office has called a meeting of top officials of commerce and finance ministries on Monday to discuss the issue of GST refunds

GST Network crash: Will e-way bills system bring back border check posts and Inspector Raj in new form?
Business

GST Network crash: Will e-way bills system bring back border check posts and Inspector Raj in new form?

GST Council finalised e-way bills rules in August, but a planned rollout in October was deferred after GSTN portal had crashed last year.

GST: E-way bill must for interstate goods movement from 1 February
Business

GST: E-way bill must for interstate goods movement from 1 February

The e-way bill, to be generated under the GST for all inter-state movement of goods valued at over Rs 50,000, will become mandatory from Thursday, on the day of the presentation of the Union Budget 2018-19 in Parliament.

Delayed refund to exporters in GST regime leads to job loss in labour intensive sector, says Amit Mitra
Business

Delayed refund to exporters in GST regime leads to job loss in labour intensive sector, says Amit Mitra

Amit Mitra says problem lies in the GST refund delivery mechanism because of manual processing of refund application

Govt in favour of bringing petroleum products under GST with states' consensus, says Arun Jaitley
Business

Govt in favour of bringing petroleum products under GST with states' consensus, says Arun Jaitley

Arun Jaitley said decision to levy GST on petroleum products can be taken only after GST Council clears it with 75 percent or three-fourth majority

GST hiccups: Why govt deferring e-way bill due to unpreparedness will hurt transport industry
Business

GST hiccups: Why govt deferring e-way bill due to unpreparedness will hurt transport industry

Instead of checkposts, state government inspectors now have mobile vans for inspections of inter-state goods movement, which traders and truckers say has increased bribe payments etc manifold.

GST related issues resolved, indirect tax regime will become good and simple tax in a few months: MoS Finance
Business

GST related issues resolved, indirect tax regime will become good and simple tax in a few months: MoS Finance

Post GST Council's Guwahati meet, tax rates on many products were reduced to 18 per cent from 28 per cent